{"id":66802,"date":"2020-06-18T13:07:46","date_gmt":"2020-06-18T08:07:46","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66802"},"modified":"2020-06-18T13:07:47","modified_gmt":"2020-06-18T08:07:47","slug":"excise-survey-to-increase-property-taxes-in-punjab-postponed","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/excise-survey-to-increase-property-taxes-in-punjab-postponed.html","title":{"rendered":"Excise survey to increase property taxes in Punjab postponed"},"content":{"rendered":"\n<p>Rawalpindi: The Punjab Excise &amp; Taxation Department has decided to postpone its ongoing property survey geared for an annual upward revision in taxes applicable on immovable properties in the province, a news source reported. Following this suspension, property taxpayers in Punjab are required to pay against the same tax rate in Fiscal Year 2020-21 that was applicable during FY 2019-20.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-waives-off-property-tax-for-three-months.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab govt waives off property tax for three months<\/a><\/p>\n\n\n\n<p>The annual property tax survey is completed each year by June 30. The findings of this survey help the provincial governments decide on the percentage rise in property tax (applicable in the next fiscal year) \u2013 in accordance with the annual rise seen in properties\u2019 value. Now, the Excise Department will initiate the property survey in April\/May 2021. The survey results will help the provincial government decide the percentage rise on property tax applicable on property owners in the Fiscal Year 2021-22.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-reduction-in-stamp-duty.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: Reduction in stamp duty, tax exemption for builders proposed<\/a><\/p>\n\n\n\n<p>Reportedly, the government has taken this decision to provide relief to the people affected by the lockdown imposed to contain the COVID-19 spread. In this regard, the provincial government directed the Excise Department to postpone conducting the property tax survey for the year.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-postpones-application-of-valualion-tables.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Punjab postpones application of immovable properties\u2019 valuation tables<\/a><\/p>\n\n\n\n<p>Moreover, sources also claim that the taxation department has informed all Excise officials to implement the orders. Taxpayers will now be required to pay the same property tax by June 30, 2021 as that they are to pay by June 30, 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: The Punjab Excise &amp; Taxation Department has decided to postpone its ongoing property survey geared for an annual upward revision in taxes applicable on immovable properties in the province, a news source reported. Following this suspension, property taxpayers in Punjab are required to pay against the same tax rate in Fiscal Year 2020-21 that was applicable during FY 2019-20. Read: Punjab govt waives off property tax for three months The annual property tax survey is completed each year by June 30. The findings of this survey help the provincial governments decide on the percentage rise in property tax (applicable in the next fiscal year) \u2013 in accordance with the annual rise seen in properties\u2019 value. Now, the Excise Department will initiate the property survey in April\/May 2021. The survey results will help the provincial government decide the percentage rise on property tax applicable on property owners in the Fiscal Year 2021-22. Read: Punjab Budget 2020-21: Reduction in stamp duty, tax exemption for builders proposed Reportedly, the government has taken this decision to provide relief to the people affected by the lockdown imposed to contain the COVID-19 spread. In this regard, the provincial government directed the Excise Department to postpone&hellip;<\/p>\n","protected":false},"author":18,"featured_media":60282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[32103,32104,18418],"persona":[],"class_list":{"0":"post-66802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-excise-survey-to-increase-property-tax","9":"tag-excise-survey-to-increase-property-taxes-postponed","10":"tag-property-tax-in-punjab","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Excise survey to increase property taxes postponed - Zameen News<\/title>\n<meta name=\"description\" content=\"Now, the Excise Department will initiate the property survey in April\/May 2021. The survey results will help the provincial government decide the percentage\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/excise-survey-to-increase-property-taxes-in-punjab-postponed.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excise survey to increase property taxes postponed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Now, the Excise Department will initiate the property survey in April\/May 2021. The survey results will help the provincial government decide the percentage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/excise-survey-to-increase-property-taxes-in-punjab-postponed.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-18T08:07:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-18T08:07:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Excise.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Excise survey to increase property taxes postponed - Zameen News","description":"Now, the Excise Department will initiate the property survey in April\/May 2021. 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